Banknifty- Bad news prevails, levels below 35k ?

27 במרץ 2022

Banknifty has made a break downwards and is trading below 50/100/200EMAs which makes the chart look quite weak. FIIs sold for almost 47k cr this month, putting banknifty under tremendous pressure. Crude oil again has crossed 120USD level. CPR is narrow so a trending market is expected tomorrow. Gap up may not be sustained under such sentiments. What do you think?